The N.Y. Department of Financial Services Hasn't Ruled Out Placing Monitors in Other Banks It Supervises

New York's banking regulator is pushing to install government monitors inside the U.S. offices of Deutsche Bank AG and Barclays PLC as part of an intensifying investigation into possible manipulation in the foreign-exchange market, according to people familiar with the probe.

The state's Department of Financial Services notified lawyers for the two European banks earlier this month that it wanted to install a monitor inside each firm, based on preliminary findings in the agency's six-month currencies-market probe, these...